MillerKnoll (NASDAQ:MLKN) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

MillerKnoll (NASDAQ:MLKN) issued its quarterly earnings data on Thursday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04), Briefing.com reports. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The company had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. During the same period in the previous year, the business posted $0.37 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis.

MillerKnoll Price Performance

MillerKnoll stock traded down $3.97 during mid-day trading on Friday, hitting $23.50. 4,420,338 shares of the company were exchanged, compared to its average volume of 640,806. The company has a market capitalization of $1.68 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The business has a fifty day moving average of $28.45 and a 200 day moving average of $27.47. MillerKnoll has a 1-year low of $19.10 and a 1-year high of $31.73. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.93.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be issued a $0.1875 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.19%. MillerKnoll’s payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.